7, WAKEFIELD CLOSE, COLCHESTER, CO1 2SD - £200,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 WAKEFIELD CLOSE is a very small detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £340,997. It was last sold for £200,000 in August 2013, which was around 32% below the average August 2013 detached price in the Colchester local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

7 WAKEFIELD CLOSE Sold Prices

Land registry data shows three sales for 7 WAKEFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 7 WAKEFIELD CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 6 AUG	£200,000	£293,912	32% below HPI
2008 27 FEB	£210,000	£308,943	32% below HPI
1996 26 JUN	£63,500	£90,601	30% below HPI

7 WAKEFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The three 7 WAKEFIELD CLOSE sales between June 1996 and August 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2008 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2013 sale, which was also at 32% below the HPI.

What might 7 WAKEFIELD CLOSE be worth now?

7 WAKEFIELD CLOSE might now be worth an estimated £340,997.

This is based on house price inflation of 70.5%, between August 2013 and July 2026, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 70.5% inflationary increase is applied to the most recent sale price for 7 WAKEFIELD CLOSE of £200,000 on 6th August 2013. For the value to have increased from £200,000 to £340,997 over the thirteen years and one month to July 2026, the following assumptions must hold true:

• The value of 7 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2013 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WAKEFIELD CLOSE has not materially changed since August 2013.

How Large is 7 WAKEFIELD CLOSE?

7 WAKEFIELD CLOSE is 61m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 7 WAKEFIELD CLOSE lies on this distribution: 3% of detached houses houses are smaller than 7 WAKEFIELD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 WAKEFIELD CLOSE: Plot and Title Map

7 WAKEFIELD CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 7 WAKEFIELD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 WAKEFIELD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 WAKEFIELD CLOSE?

7 WAKEFIELD CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 7 on WAKEFIELD CLOSE.